Strong Tower Advisory Services Acquires 3,457 Shares of Xcel Energy Inc. $XEL

Key Points

• Strong Tower Advisory Services increased its stake in Xcel Energy Inc. by 9.6%, acquiring an additional 3,457 shares, bringing their total holdings to 39,358 shares valued at approximately $2.68 million.
• Equities analysts have raised price targets for Xcel Energy, with UBS Group setting a new target at $84.00 and Evercore ISI giving an "outperform" rating with a target of $92.00.
• Xcel Energy is set to pay a quarterly dividend of $0.57 per share on October 20th, representing an annualized yield of 2.8%.

Strong Tower Advisory Services boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,358 shares of the company's stock after buying an additional 3,457 shares during the quarter. Strong Tower Advisory Services' holdings in Xcel Energy were worth $2,680,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new stake in Xcel Energy during the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in Xcel Energy during the first quarter valued at approximately $34,000. Rise Advisors LLC lifted its holdings in Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Xcel Energy during the second quarter valued at approximately $44,000. Finally, RMG Wealth Management LLC purchased a new position in Xcel Energy during the second quarter valued at approximately $46,000. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Xcel Energy from $82.00 to $84.00 and gave the company a "neutral" rating in a report on Friday. Mizuho set a $83.00 price target on shares of Xcel Energy in a report on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Xcel Energy in a report on Wednesday. BMO Capital Markets set a $84.00 price target on shares of Xcel Energy in a report on Thursday, September 25th. Finally, Evercore ISI assumed coverage on shares of Xcel Energy in a report on Monday. They set an "outperform" rating and a $92.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus price target of $81.91.

Xcel Energy Price Performance

NASDAQ:XEL opened at $80.93 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $47.86 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.74 and a beta of 0.37. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $82.54. The business's 50-day moving average is $74.65 and its 200 day moving average is $71.30.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. Xcel Energy's dividend payout ratio is presently 63.16%.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.

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